Babylon to be taken private after SPAC ‘disaster’

Babylon founder Ali Parsa

Pioneering telehealth provider Babylon Health has announced plans to go private, ending what has been a tumultuous 18 months as a publicly traded entity and leaving shareholders with nothing. The company’s main lender, London-based credit fund AlbaCore Capital stepped in to take control of the business as part of a restructuring and recapitalisation plan, which…

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